oboloo Glossary

Company Retention

oboloo Glossary

Company Retention

Company Retention is the practice of keeping customers satisfied and engaged in long-term business relationships. It involves a wide range of activities, from creating reward programs to engaging with customers through digital channels like email or social media. Retention strategies are focused on creating loyalty amongst existing customers, as opposed to acquiring new ones. By keeping customers engaged through effective retention tactics, businesses can establish ongoing relationships that lead to increased revenue and customer satisfaction.